Tax bill introduced

The Bill proposes that when an offshore supplier, such as a website or an online marketplace, has annual sales to New Zealanders above the $60,000 GST registration threshold, they will have to register for GST. The change would apply to imported goods valued up to $1,000 and is proposed to come into effect from 1 October next year.

The Bill also contains other measures including:

making some income earned by student loan borrowers subject to withholding tax;